HYLA.L vs. IUIT.L
HYLA.L (iShares Global High Yield Corp Bond UCITS ETF) and IUIT.L (iShares S&P 500 Information Technology Sector UCITS ETF) are both exchange-traded funds - HYLA.L is a High Yield Bonds fund tracking the iShares Global High Yield Corp Bond UCITS ETF, while IUIT.L is a Technology Equities fund tracking the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past 5 years, HYLA.L returned 3.15%/yr vs 21.03%/yr for IUIT.L. At a 0.50 correlation, their price movements are largely independent. HYLA.L charges 0.50%/yr vs 0.15%/yr for IUIT.L.
Performance
HYLA.L vs. IUIT.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HYLA.L achieves a 0.70% return, which is significantly lower than IUIT.L's 17.06% return.
HYLA.L
- 1D
- 0.12%
- 1M
- -0.32%
- 6M
- 0.56%
- YTD
- 0.70%
- 1Y
- 4.54%
- 3Y*
- 7.76%
- 5Y*
- 3.15%
- 10Y*
- —
IUIT.L
- 1D
- -0.78%
- 1M
- -2.95%
- 6M
- 19.62%
- YTD
- 17.06%
- 1Y
- 31.65%
- 3Y*
- 29.24%
- 5Y*
- 21.03%
- 10Y*
- 25.50%
HYLA.L vs. IUIT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYLA.L iShares Global High Yield Corp Bond UCITS ETF | 0.70% | 14.45% | 2.59% | 13.39% | -11.81% | -0.14% | 7.57% | 11.83% | -3.50% | -0.18% |
IUIT.L iShares S&P 500 Information Technology Sector UCITS ETF | 17.06% | 22.93% | 38.51% | 59.45% | -29.15% | 34.09% | 43.14% | 48.83% | -1.41% | 6.28% |
Correlation
The correlation between HYLA.L and IUIT.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2017 | 0.50 |
Over the past year, the correlation between HYLA.L and IUIT.L has dropped to 0.30 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HYLA.L vs. IUIT.L — Risk / Return Rank
HYLA.L
IUIT.L
HYLA.L vs. IUIT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corp Bond UCITS ETF (HYLA.L) and iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HYLA.L | IUIT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.25 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 1.85 | -0.97 |
| Martin ratioReturn relative to average drawdown | 2.95 | 4.97 | -2.02 |
Loading charts...
Drawdowns
HYLA.L vs. IUIT.L - Drawdown Comparison
The maximum HYLA.L drawdown since its inception was -24.42%, smaller than the maximum IUIT.L drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for HYLA.L and IUIT.L.
Loading charts...
Drawdown Indicators
| HYLA.L | IUIT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.42% | -33.46% | +9.04% |
Max Drawdown (1Y)Largest decline over 1 year | -4.62% | -17.03% | +12.41% |
Max Drawdown (3Y)Largest decline over 3 years | -5.65% | -26.40% | +20.75% |
Max Drawdown (5Y)Largest decline over 5 years | -22.93% | -33.46% | +10.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.46% | — |
Current DrawdownCurrent decline from peak | -1.04% | -7.85% | +6.81% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -5.91% | +1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 6.35% | -4.97% |
Volatility
HYLA.L vs. IUIT.L - Volatility Comparison
The current volatility for iShares Global High Yield Corp Bond UCITS ETF (HYLA.L) is 1.39%, while iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L) has a volatility of 7.15%. This indicates that HYLA.L experiences smaller price fluctuations and is considered to be less risky than IUIT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HYLA.L | IUIT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 7.15% | -5.76% |
Volatility (6M)Calculated over the trailing 6-month period | 4.67% | 17.59% | -12.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.86% | 22.08% | -16.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.19% | 23.96% | -15.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.25% | 22.32% | -13.07% |
HYLA.L vs. IUIT.L - Expense Ratio Comparison
HYLA.L has a 0.50% expense ratio, which is higher than IUIT.L's 0.15% expense ratio.
Dividends
HYLA.L vs. IUIT.L - Dividend Comparison
Neither HYLA.L nor IUIT.L has paid dividends to shareholders.
Frequently Asked Questions
HYLA.L and IUIT.L have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUIT.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUIT.L is cheaper with a 0.15% expense ratio, compared with 0.50% for HYLA.L.
HYLA.L is categorized as High Yield Bonds, while IUIT.L is Technology Equities. HYLA.L tracks iShares Global High Yield Corp Bond UCITS ETF, while IUIT.L tracks S&P 500 Capped 35/20 Information Technology Index. Their fees differ too: 0.50% for HYLA.L and 0.15% for IUIT.L.
Find the right allocation for HYLA.L and IUIT.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer